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To: Sam who wrote (7745)4/13/2011 11:08:27 AM
From: Dwayne Hines
   of 7826
 
Seagate a buyout candidate -
blogs.forbes.com

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To: FUBHO who wrote (7737)4/13/2011 12:53:01 PM
From: Dwayne Hines
   of 7826
 
Best yield in tech -
blogs.forbes.com

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To: Sam who wrote (7752)4/15/2011 5:38:54 PM
From: Dwayne Hines
   of 7826
 
After hours moving toward $18

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To: Dwayne Hines who wrote (7757)4/15/2011 8:45:33 PM
From: Sam
   of 7826
 
Quite a move!

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To: Sam who wrote (7758)4/15/2011 11:40:11 PM
From: Dwayne Hines
   of 7826
 
Yes, it almost makes me wonder if behind the scenes someone is getting set to buy them.

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To: Dwayne Hines who wrote (7759)4/15/2011 11:43:07 PM
From: Sam
   of 7826
 
It is possible. I'm sure Luczo would sell for the "right" price. He may have lowered that right price since the last negotiation. On the other hand, WDC is also moving up nicely. So maybe someone decided that the HD stocks are cheap.

At last.

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To: Dwayne Hines who wrote (7759)4/17/2011 11:19:55 AM
From: Sam
   of 7826
 
Weird stuff being floated in the biznes pages these days. Game playing by Seagate or Samsung?

Samsung May Sell Hard-Disk-Drive Unit.

APRIL 17, 2011, 9:45 A.M. ET.
SEOUL—Samsung Electronics Co. is considering selling its money-losing hard-disk-drive business to raise funds for investment in new growth areas, a person familiar with the situation said Sunday.

Samsung is looking to sell the business for $1.5 billion but might consider a deal under $1 billion because it "is trying to get rid of" the business, the person said.

The most likely buyer for the business is Seagate Technology Inc., the U.S.-based computer-hard-disk maker, the person said.

Calls to Seagate's offices in Asia went unanswered Sunday evening.

Samsung Electronics, which earlier this month gave weak earnings estimates for the first quarter, is the biggest of the 60 companies that make up South Korea's largest business group.

As the Samsung conglomerate looks for new engines of growth, it said last May that its companies would collectively invest about $20 billion in new businesses by 2020, including $1.8 billion in biopharmaceuticals.

In February, Samsung Electronics said it would set up a health-care joint venture with U.S.-based biopharmaceutical-services company Quintiles Transnational Corp., as part of its move to diversify away from consumer electronics.

A sale of the company's hard-disk business would help generate cash for reinvestment in promising business areas.

The hard-disk, or HDD, industry has been under pressure from the success of sales of Apple Inc.'s iPad and other tablet computers, which store data on flash-memory chips rather than on magnetic disks. The new devices are believed to have hurt sales growth of consumer-laptop computers, which are major users of disk drives.

Samsung, which held around an 11% share of the global HDD business in the fourth quarter of 2010, has been losing money from the business, prompting it to consider a sale.

"Samsung is considering selling its HDD business as it is not strategic to succeed; [Samsung] is neither a follower or a leader in the business and it's making a loss," the person familiar with the situation said.

The person said, "$1.5 billion seems a reasonable price to sell," but added "it could even be sold for under $1 billion as Samsung is trying to get rid of it."

In March, Western Digital agreed to acquire Hitachi Ltd.'s HDD business for about $4.3 billion in cash and stock, a deal that created a dominant player with a nearly 50% market share. Seagate accounted for 29% of HDD shipments in the fourth quarter of 2010, according to research firm iSuppli.

Samsung Electronics, the world's biggest maker of memory chips and liquid-crystal-display televisions, has seen its earnings decline in recent quarters.

online.wsj.com

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From: FUBHO4/18/2011 10:13:12 AM
   of 7826
 
Report: Samsung may sell off hard-drive business

April 18, 2011 6:00 AM PDT
by Don Reisinger


Read more: news.cnet.com

Samsung plans to sell its hard-drive business, a new report claims.

The electronics company would like to make $1.5 billion on the sale, but it might take less than $1 billion, The Wall Street Journal is reporting, citing an anonymous source. The source told the Journal that, in no uncertain terms, "Samsung is trying to get rid of [its HDD operation]," and one of its chief competitors, Seagate, is a potential suitor.

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To: FUBHO who wrote (7762)4/19/2011 8:13:26 AM
From: FUBHO
   of 7826
 
Seagate buys Samsung HDD business for $1.4B
Peter Clarke

4/19/2011 7:53 AM EDT


LONDON – Hard disk drive maker Seagate Technology plc is going to take over the HDD business of Samsung Electronics Co. Ltd. paying $1.375 billion in 50:50 cash and stock mix.

This will result in Samsung having about a 9.6 percent ownership stake in Seagate and Samsung will get to nominate one of its executives to join the Seagate board of directors.

Under the terms of the proposed deal, expected to close by the end of 2011, Samsung will provide NAND flash memory to Seagate for use in solid-state drives (SSDs) and hybrid drives while Seagate will provide disk drives to Samsung for use in personal computers, notebooks and consumer electronics.

At the same time the two companies have agreed to extend and enhance an existing patent cross-license agreement.

In addition the strategic nature of the alliance with Samsung means that Seagate expects to strengthen its relationship with SAE Magnetics (H.K.) Ltd., a subsidiary of TDK Corp.

"We are pleased to strengthen our strategic relationship with Samsung in a way that better aligns both companies around technologies and products," said Steve Luczo, Seagate chairman, president and CEO. "With these agreements, we expect to achieve greater scale and deliver a broader range of innovative storage products and solutions to our customers, while facilitating our long-term relationship with Samsung."

The deal is expected to expand Seagate's customer access in China and Southeast Asia. Upon closing, Samsung will receive Seagate ordinary shares valued at $687.5 million, equivalent to 45.2 million shares, or approximately 9.6 percent ownership of Seagate, which is based on Seagate's 30-day volume weighted average stock price prior to signing, plus $687.5 million in cash.

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To: FUBHO who wrote (7763)4/19/2011 8:40:50 AM
From: Dwayne Hines
   of 7826
 
bold</>
Samsung will provide NAND flash memory to Seagate for use in solid-state drives (SSDs) and hybrid drivesbold</>

In addition the strategic nature of the alliance with Samsung means that Seagate expects to strengthen its relationship with SAE Magnetics (H.K.) Ltd., a subsidiary of TDK Corp.

boy, this industry is really consolidating.

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